Playtika Holding Correlations

PLTK Stock

USD 4.40 0.01 0.23%

The current 90-days correlation between Playtika Holding Corp and Doubledown Interactive Co is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Playtika Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Playtika Holding Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Playtika Holding Correlation With Market

Modest diversification

The correlation between Playtika Holding Corp and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Playtika Holding Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Playtika Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Playtika Stock

0.68	GCL	GCL Global Holdings	Pair Corr
0.69	GAME	GameSquare Holdings	Pair Corr
0.82	GRVY	Gravity	Pair Corr
0.85	MYPS	Playstudios	Pair Corr
0.67	SNAL	Snail, Class A	Pair Corr
0.66	Z	Zillow Group Class Sell-off Trend	Pair Corr
0.95	EB	Eventbrite Class A	Pair Corr
0.77	OB	Outbrain	Pair Corr

Moving against Playtika Stock

0.42	GDC	GD Culture Group	Pair Corr
0.83	BZ	Kanzhun Ltd ADR	Pair Corr
0.63	T	ATT Inc Aggressive Push	Pair Corr
0.56	KT	KT Corporation	Pair Corr
0.51	TTWO	Take Two Interactive	Pair Corr
0.43	CURIW	CuriosityStream	Pair Corr
0.42	SE	Sea	Pair Corr
0.31	SOHU	SohuCom	Pair Corr
0.78	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.58	ZH	Zhihu Inc ADR	Pair Corr
0.57	ZI	ZoomInfo Technologies	Pair Corr
0.43	TU	Telus Corp	Pair Corr

Related Correlations Analysis

	DDI	SOHU	MYPS	GDEV	SCPL	SNAL	GMGI	GAME	GRVY	NTES
DDI		-0.38	0.6	0.13	0.0	0.29	-0.04	0.39	0.57	-0.59	DDI
SOHU	-0.38		-0.41	-0.12	0.0	0.08	-0.06	-0.31	-0.2	0.43	SOHU
MYPS	0.6	-0.41		0.06	0.0	0.35	-0.17	0.53	0.65	-0.45	MYPS
GDEV	0.13	-0.12	0.06		0.0	-0.64	0.42	-0.28	-0.4	-0.55	GDEV
SCPL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SCPL
SNAL	0.29	0.08	0.35	-0.64	0.0		-0.39	0.54	0.67	0.31	SNAL
GMGI	-0.04	-0.06	-0.17	0.42	0.0	-0.39		-0.32	-0.3	-0.15	GMGI
GAME	0.39	-0.31	0.53	-0.28	0.0	0.54	-0.32		0.65	-0.11	GAME
GRVY	0.57	-0.2	0.65	-0.4	0.0	0.67	-0.3	0.65		-0.19	GRVY
NTES	-0.59	0.43	-0.45	-0.55	0.0	0.31	-0.15	-0.11	-0.19		NTES
	DDI	SOHU	MYPS	GDEV	SCPL	SNAL	GMGI	GAME	GRVY	NTES

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GRVY	+ 0.67	SNAL
GRVY	+ 0.65	MYPS
GRVY	+ 0.65	GAME
MYPS	+ 0.6	DDI
GRVY	+ 0.57	DDI
GAME	+ 0.54	SNAL

High negative correlations

SNAL	- 0.64	GDEV
NTES	- 0.59	DDI
NTES	- 0.55	GDEV
NTES	- 0.45	MYPS
MYPS	- 0.41	SOHU
GRVY	- 0.4	GDEV

Risk-Adjusted Indicators

There is a big difference between Playtika Stock performing well and Playtika Holding Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Playtika Holding's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DDI	2.00	(0.10)	0.00	(0.38)	0.00	0.00	3.66	(4.77)	12.89
SOHU	1.95	0.11	0.04	0.15	2.71	(1.81)	4.11	(3.94)	14.72
MYPS	2.99	(0.64)	0.00	(0.99)	0.00	0.00	5.65	(5.91)	20.72
GDEV	3.57	(0.17)	0.00	0.09	0.00	0.00	5.54	(6.86)	54.75
SCPL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNAL	6.87	0.29	0.03	0.16	8.66	(7.18)	15.94	(13.53)	39.35
GMGI	3.45	0.18	0.04	(0.55)	4.10	(4.41)	6.60	(7.08)	44.19
GAME	3.76	(0.27)	0.00	(0.73)	0.00	0.00	6.10	(10.00)	26.81
GRVY	1.30	(0.05)	0.00	(0.06)	0.00	0.00	2.66	(2.40)	7.29
NTES	1.65	0.11	0.05	0.18	1.89	(1.77)	3.75	(3.10)	12.65

Playtika Holding Corporate Management

Erez Rachmil	Chief Officer	Profile
Darlan Monterisi	Executive Communications	Profile
Ofer Kinberg	Executive Officer	Profile
Gili Brudno	Chief Officer	Profile
David Niederman	VP Markets	Profile
Troy Vanke	Chief Officer	Profile

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